Microsoft had originally told investors that  AI wouldn't deliver revenue gains until 2024 when new products will become widely available.

VentureBeat is a leading source of news, analysis, and insights on technology innovation, startups, and venture capital. Covering topics such as AI, blockchain, gaming, and more, VentureBeat provides  reporting, interviews, and commentary on trends and developments shaping the tech industry. Entrepreneurs, investors, and technology enthusiasts can stay informed about the latest news, funding rounds, and market trends through VentureBeat's coverage.

Venture Beat

Microsoft reported strong FY24 Q1 results, with revenue up 13% and net income up 27%. Azure had 29% revenue growth, fueled by AI services. Microsoft plans to introduce over 100 new AI-powered products and services.

Microsoft’s AI strategy is paying off with solid cloud revenue growth

AI is paying off faster than Microsoft expected